Nicola Mining Inc. announced a non-brokered private placement of 4,375,000 flow-through shares at a price of CAD 0.12 per share for gross proceeds of CAD 525,000 on October 11, 2021. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the Exchange.